Mining News: Victoria finds more gold at Eagle Deep

Victoria Gold Corp. Oct. 10 reported results from four holes testing areas adjacent to and below the open-pit reserves at its Eagle Gold Mine project on the Dublin Gulch property in the Yukon. Drilled outside the pit outlined in a 2016 feasibility study for Eagle Gold, hole DG17-910C cut 423 meters averaging 0.59 grams per metric ton gold from a depth of 221 meters, including 25.5 meters of 1.97 g/t from 612.5 meters. Victoria said the four Eagle Deep holes, each drilled to about 600 meters, demonstrate the upside potential of the Eagle Gold Mine by highlighting the consistency of the gold mineralization beyond the currently envisioned pit. John McConnell, President and CEO of Victoria commented, "We have long emphasized our interpretation that additional gold mineralization continues beyond the currently envisioned pit walls, particularly to depth, and we believe that as the Eagle Gold Mine production matures, these areas may play an important role in extending mine life beyond the planned 10 years outlined in the feasibility study,” said Victoria Gold President and CEO John McConnell. “Eagle enjoys a higher grade and lower strip ratio than many comparable heap leach mines in operation and there is reason to anticipate a longer mine life particularly given the observed higher grade intervals at depth."

–SHANE LASLEY